According to incomplete statistics from Odaily, a total of 39 domestic and overseas blockchain financing events were announced from January 22 to January 28, a significant increase from last week’s data (16 cases). The total disclosed financing was approximately US$200 million, which was higher than last week’s data (16 cases). Last weeks figure ($215 million) was down.
Last week, the project that received the most investment was the digital bank Sygnum (over $40 million); Ethereum Layer 2 developer Polymer Labs followed closely behind ($23 million).
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excludes fund raising and mergers and acquisitions; 3. *Represents companies in the traditional field where some of the business involves blockchain):
On January 25, digital bank Sygnum announced that it had raised more than $40 million in a mid-stage strategic financing round led by Milan-based asset management firm Azimut Holding. The company revealed that its latest funding round has valued it at $900 million.
Ethereum Layer 2 developer Polymer Labs completes $23 million in Series A financing
On January 23, Ethereum Layer 2 developer Polymer Labs completed a $23 million Series A financing, led by Blockchain Capital, Maven 11 and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Money Group, North Island Ventures and Figment Capital. , the new funding will advance Polymer Labs’ efforts to ensure that the interoperability layer connecting all blockchains remains neutral, open, modular, and permissionless across the entire ecosystem.
Ingonyama completes US$21 million in seed round financing, led by IOSG Ventures and others
On January 23, Ingonyama, an innovative company focused on accelerating and popularizing zero-knowledge proof technology, completed a US$21 million seed round of financing, led by IOSG Ventures, Geometry and Walden Catalyst Ventures. IOSG Ventures is committed to supporting projects that make breakthrough progress in ZK technology innovation and application development, and will reach a long-term partnership with Ingonyama to focus on broader ZK technology development. Ingonyama is currently focused on improving the capabilities of zero-knowledge proofs (ZKP) through the product ICICLE.
On January 25, CryptoSafe, a blockchain project focused on improving capital efficiency in the cryptocurrency market, announced that it had completed US$20 million in financing at a valuation of US$95 million. It is reported that the transaction was completed on January 1 this year and has not been made public until now. It was disclosed that several investment funds, including VentureX Capital, NexTech Ventures and Blockchain Innovations Fund, participated in the investment. The new funds will be used to improve its technology infrastructure and capabilities, and will also conduct some acquisitions in the future.
Ethereum historical data protocol Axiom completes $20 million in Series A financing
On January 25, Ethereum historical data protocol Axiom completed a $20 million Series A round of financing, led by Paradigm Crypto and Standard Crypto. Axiom is a new protocol that uses zero-knowledge proofs to access historical data on the Ethereum chain, and the new funds will be used to grow the team and develop their platform.
On January 24, according to official news, Doppel, an AI-driven brand protection platform, announced the completion of a $14 million Series A financing, led by a16z, Strategic Cyber Ventures, Okta Vice Chairman and Co-Founder Frederic Kerrest, and Datadog Chief Information Security Officer Emilio Escobar, Capital One chief technology risk officer and executive vice president Andy Ozment, Chainguard president Ryan Carlson, Material Security co-founder and chairman Ryan Noon, Octant co-founder Ramsey Homsany, OpenAI research scientist Prafulla Dhariwal and other new investors, as well as South Existing investors Park Commons, SVAngel, Gokul Rajaram, Sabrina Hahn participated.
On January 24, the blockchain securities investment platform Dinari announced on the .
It is reported that Dinari has launched 1:1 supported U.S. stocks, ETFs and other RWA products on Arbitrum One, with more than 10 added today; in addition, it is expanding its dShare products and providing new crypto-themed assets on Arbitrum.
On January 24, 3 thix, a Web3 gaming infrastructure service provider headquartered in Austin, Texas, announced the completion of $8.5 million in financing, including co-founders from the family office of Shurick Agapitov, founder of video game commerce company Xsolla, Hand of Midas, and Algorand Sonic Boom Ventures, the family office of former CEO Steve Kokinos, participated in the investment.
Decentralized network Masa Network completes US$5.4 million in seed round financing
On January 23, the decentralized network Masa Network announced the completion of a US$5.4 million seed round of financing, led by Anagram, a venture capital firm co-founded by Lily Liu of the Solana Foundation and former Polychain’s Joe Eagan, with Avalanche Blizzard Fund, Digital Money Group and Golden Tree and others participated in the investment, and the new funds will be used to build a decentralized network on Avalanche that focuses on user personal data.
On January 27, Hyperline, a Web3 native data lake development company, announced the completion of a $5.2 million seed round of financing, led by Slow Ventures, with participation from South Park Commons, Script Capital, Canonical Crypto, Picus Capital, Volt Capital, Mischief and Maelstrom. The company It mainly builds shared storage and computing engines for Web3 developers building AI products and analysis applications to support data applications and service functions.
ZK development company Zorp completes US$5 million in seed round financing, led by Delphi Ventures
On January 24, according to official news, Zorp, a ZK-L1 network Nockchain development company, announced the completion of a US$5 million seed round of financing, led by Delphi Ventures, North Island Ventures, CMCC Global, Portal Ventures, Champion Hill Ventures, Breed VC, and Octu Ventures and Labyrinth DAO participated in the investment.
On January 24, P2E gaming platform Arcade 2 Earn completed US$4.8 million in financing, led by Crypto.com Capital, with participation from Solana Ventures, Shima Capital, KuCoin Labs and GSR.
On January 25, Web3 Intelligence, the developer of Web3 investment application Dopamine, completed a US$4.5 million private placement round with participation from DAO MAKER, Shima Capital and Gate. Web3 Intelligence primarily provides anti-money laundering information to institutions to provide their clients with the same compliance standards as traditional finance.
It is reported that the company is about to issue DOPE utility tokens. Institutions holding DOPE will have access to Web3 Intelligence’s anti-money laundering (AML) infrastructure, which supports the compliance scoring of Web3 wallets and converts them into NFTs. Encapsulate the scoring results on the blockchain.
On January 23, decentralized data platform Bagel Network announced the completion of $3.1 million in pre-seed financing, led by CoinFund, with participation from Protocol Labs, Borderless Capital, Maven 11 Capital, Graph Paper Capital and Breed VC. Bagel Network plans to solve the data monopoly problem by creating a marketplace that allows data scientists and AI engineers to exchange and license verifiable data sets in a cost-effective and privacy-preserving manner.
Scene Infrastructure Company completes US$3 million in seed round financing, led by a16z crypto
On January 24, social network Friends With Benefits (FWB) announced that its software development company Scene Infrastructure Company had completed a $3 million seed round of financing, led by a16z crypto, a long-term DAO contributor and former DAO product leader at Dapper Labs. Led by Jose Mejia and Zora co-founder Ethan Daya, FWB will also become its test case to explore token and social network applications.
On January 23, the NFT cross-chain lending protocol Singular announced the completion of a US$3 million seed round of financing, led by IOBC Capital, with participation from Bitcoin Cash Foundation, Bing Ventures, DG Capital, Divide Labs and others. Singular said that the next few months will focus on optimizing the product to enhance user experience, and also plans to introduce various NFT assets to provide better liquidity support.
On January 24, Web3 e-sports fan engagement platform Stan completed US$2.7 million in financing, with participation from Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, CoinDCX Ventures, Climber Capital, TDV Partners and Coinswitch Ventures.
Stan helps users purchase collectibles and interact with popular esports figures, whether players or KOLs, through chat and audio rooms, as well as exclusive communities on its platform. Some of these collectibles are Web3 projects such as NFTs.
German NFT and on-chain data analysis platform BitsCrunch completes US$2.4 million in financing
On January 24, the German NFT and on-chain data analysis platform BitsCrunch announced the completion of US$2.4 million in financing, led by Cypher Capital, and also received support from Coinbase Ventures, Animoca Brands, Chainlink, Crypto.com Capital, Morningstar Ventures, and Shima Capital . BitsCrunch is an artificial intelligence-driven decentralized NFT data platform that enables developers to build reliable NFT applications (dApps) and also provides data analysis services for NFT and multi-chain digital assets.
Crypto AI platform imgnAI completed a $1.6 million seed round led by Hack VC
On January 27, the encrypted AI platform imgnAI announced the completion of a $1.6 million seed financing led by Hack VC, with participation from Rana Capital, Selini Capital, West Ham Capital, Motus Capital and dao 5, but the specific valuation was not disclosed.
It is reported that the company’s image-generating robot platform will be launched in late 2022, and the imgnAI cryptographic token on its website is used to unlock advanced features and mint images directly into NFTs.
On January 26, gamified Bitcoin accelerator 10 n 8 Little Dragon announced the completion of $1.5 million in financing from Centauri Digital Asset Group, Mirai DAO, New Tribe Capital, 3 M Capital, Ivan on Tech, SeedThrift Ventures, Boxmining, Spicy Capital and Several investors and venture capital firms participated, including Satoshi Stacker. 10 n 8 Little Dragon was created with the goal of accelerating projects in the Asia-Pacific region and driving more users to stake, play and earn money in different mining pools and games. In the future, metaverse games based on Unity will also be developed.
On January 23, according to official news, Web3 security company KEKKAI completed a $1.5 million seed round of financing from Decima Fund, Bixin Ventures, Sora Ventures, Plug and Play, FlickShot, Mask Network, Stratified Capital, MZ Web3 Fund, Presto Labs, GoPlus Security and Dora Ventures participated in the investment.
Cross-chain lending protocol Synonym Finance completes $1.5 million in seed round financing
On January 24, the cross-chain lending protocol Synonym announced the completion of a US$1.5 million seed round of financing, led by Bordless, with participation from Robot Venture, Big Brain Holdings, Wormhole Cross-chain Ecological Fund, etc. The new funds will be used for Synonym to expand into new ecosystems system and provides cross-chain lending services for crypto assets to DeFi professionals.
Spellborne developer Mon Studios announces $1.35 million in strategic funding
On January 26, Mon Studios, the developer of the MMORPG game Spellborne, announced the completion of US$1.35 million in strategic financing. Investors in this round of financing include 32-Bit Ventures, Momentum 6, Yunt Capital, D 64 Ventures, County Capital, and investors from Animoca Brands, Founders and executives of companies such as YGG, Faze Clan, Immutable, Tatsumeeko, and more, the funds will be used to continue developing Spellborne.
Bitflow Labs completes $1.3 million in Pre-Seed round led by Portal Ventures
On January 25, Bitflow Labs, a decentralized exchange that aims to solve the liquidity fracture problem of the entire Bitcoin ecosystem, announced that it has completed $1.3 million in Pre-Seed financing, led by Portal Ventures, Bitcoin Frontier Fund, Bitcoin Startup Lab, Big Brain Holdings, Newman Capital, Genblock Capital, Tykhe Block Ventures and others participated in the investment. The Bitflow platform supports trading of BTC, stablecoins, BRC 20, and Stacks tokens, etc., and is only promoting the development of the Bitcoin ecosystem.
Decentralized algorithmic trading Algotech has raised $1.1 million in pre-sale funding round
On January 25, Algotech, a decentralized algorithmic trading platform, raised US$1.1 million in a pre-sale round of financing. The platform aims to use algorithms and blockchain technology to ensure transaction transparency, immutability and security and reduce the complexity of manual transactions.
Non-custodial Telegram trading bot Bitbot hits $300,000 in private funding round
On January 24, Bitbot, a non-custodial Telegram trading robot, reached a private placement round of $300,000 within 72 hours of its pre-sale launch.
Digital asset data company CCData receives strategic investment from VanEck and MarketVector Index
On January 22, digital asset data company CCData officially announced that it had received strategic round investment from VanEck and MarketVector Index, but the specific financing amount has not yet been disclosed. The company currently aggregates real-time crypto data sources from global exchanges to provide comprehensive and accurate digital asset data, reference rates and indices. Its data solutions have been used by traditional companies such as MSCI, Pantera, Ripple, BitGo, Metamask, Coinbase and 21 Shares. It is adopted by institutions in the financial and digital asset fields and has established strategic distribution partnerships with platforms such as Refinitiv and SIX Digital.
Algorand ecological oracle project Gora Network completes strategic round of financing
On January 23, Algorand Ventures announced a strategic investment in the Algorand ecological oracle project Gora Network, which aims to provide secure, reliable and authentic offline data for blockchain applications. The new funds will be used to promote the development of Gora, including business expansion, infrastructure expansion, product suite expansion, ecosystem cultivation, and research and development.
On January 23, cooperative life insurance DAO service provider Takadao announced the completion of a strategic round of financing, with the participation of Cardano ecosystem accelerator and seed fund Adaverse. The specific financing amount has not yet been disclosed. Takadao launched the cooperative life insurance DAO Takasure “Financial solutions that enable decentralized savings and revenue generation, allowing profits to be redistributed among members, while leveraging blockchain technology can increase transparency and reduce costs.
EDX Markets completes Series B financing, led by Sequoia Capital and Pantera Capital
On January 23, EDX Markets, a cryptocurrency exchange backed by Citadel Securities and Fidelity Digital Assets, announced the completion of Series B financing, led by Sequoia Capital and Pantera Capital, with participation from Citadel Securities, Virtu Financial, etc., but the exchange declined to disclose The specific amount of this round of financing.
It is reported that EDX Markets is establishing an exchange in Singapore and expanding to offer spot and perpetual futures after receiving additional financing from investors.
On January 24, South Korea’s digital asset custody institution BDACS completed a seed round of financing, with participation from Avalanche’s Blizzard Fund. The specific financing amount has not yet been disclosed.
It is reported that BDACS will provide Avalanche with AVAX and BTC.b as institutional custody assets, and provide staking support for Avalanche P-Chain.
On January 24, according to official news, DeFi sustainable protocol aggregator Cadence Protocol announced the completion of a seed round of financing. Dewhales Capital, CSP DAO, FourMoons Investment Group, Code 4 Arena/Canto/Slingshot founder Scott Lewis, Zellic co-founder Stephan Tong As well as strategic angel investors such as Ryon Nixon of Marin Ventures, the specific financing amount has not yet been disclosed.
The new financing will be used to launch the perpetual protocol on the Canto chain, improving capital efficiency through the integration of RWA, contract guaranteed revenue (CSR) and liquid pledged derivatives (LSD).
OKX Ventures leads investment in decentralized Layer 2 cross-chain protocol Orbiter Finance
On January 24, according to official news, OKX Ventures announced that it will lead the investment in the decentralized Layer 2 cross-chain protocol Orbiter Finance. In the past two years, Orbiter has processed more than 12 million transactions with a total value of US$7.8 billion, and has more than 3 million cumulative users.
On January 24, BitGo completed a new round of strategic financing, with cash truck manufacturer Brinks participating in the investment. The financial details of this investment were not disclosed. The cooperation with BitGo is not Brinks first time involved in the field of digital assets. The company has already In 2022, it began cooperating with Metaco, a Swiss cryptocurrency custody service provider.
On January 25, Meson Network, a decentralized physical network, announced on X that it had completed a new round of strategic financing led by Presto Labs at a valuation of US$1 billion. The specific financing amount was not disclosed.
It is reported that Meson Network focuses on DePIN+AI and aims to create a decentralized physical network authorized by people. The Meson Network DePIN node is developed using user-friendly technology and can accommodate various hardware, such as personal laptops, servers, and things. Internet-connected devices and more.
BSquared Network completed seed round financing, with participation from OKX Ventures and others
On January 25, the Bitcoin second-layer network BSquared Network announced the successful completion of a seed round of financing, with investors including OKX Ventures, HashKey Capital, IDG Capital, Kucoin Ventures, ABCDE, Waterdrip Capital, OGs FUND and Antalpha Group.
On January 27, multi-chain DEX aggregator and one-stop trading portal Arken Finance announced the completion of a strategic round of financing. Arche Fund participated in the investment and reached a strategic partnership with it, but the specific financing amount has not yet been disclosed.
Kepple Africa Ventures strategic investment INTMAX development company Ryodan Systems AG
On January 27, investment institution Kepple Africa Ventures announced its investment in Ryodan Systems AG. In addition, the two parties reached a strategic cooperation to accelerate the expansion of the INTMAX ecosystem into the African market.
It is reported that Ryodan Systems AG is the development company of the Ethereum Layer 2 project INTMAX Stateless zkRollup and the cryptocurrency wallet INTMAX Wallet.
bitSmiley completes first round of token financing, led by OKX Ventures and ABCDE
On January 28, the Bitcoin DeFi ecological project bitSmiley completed its first round of token financing, led by OKX Ventures and ABCDE, with participation from CMS Holdings, Foresight Ventures, LK Venture, Silvermine Capital, and related individuals from Delphi Digital and Particle Network.
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